LOAN TERMS & CONDITIONS
The handling of Polaris Bank Ltd (the вЂњLenderвЂќ or вЂњBankвЂќ) approves this time around loan (вЂњfacilityвЂќ) to qualified and interested clients under the next conditions and terms:
AMOUNT: As can be authorized by the Bank.
PURPOSE: to meet up with individual requirements or connection cashflow space.
TENOR: 30 times or salary that is next (whichever comes first).
INTEREST: the attention price for the center is 2.5% flat, which will be susceptible to review every so often on the basis of the money market condition that is prevailing. Any improvement in prices associated with center notified by the lending company into the Borrower will probably be binding regarding the Borrower. Nonetheless, any extra over the approved restriction or any unliquidated expired facility shall attract a pastime on authorized extra overdraft at a level of 36% per year.
Profits of month-to-month wage re payment domiciled in to the lending company or any BVN connected accounts in almost any Bank payable via Remita from supply.
This facility shall commence in the date of disbursement. Read More